Published: Dec 17, 2020
CAMBRIDGE, Mass., Dec. 17, 2020 (GLOBE NEWSWIRE) Spero Therapeutics Inc. (Nasdaq: SPRO), a multi-asset clinical-stage biopharmaceutical company focused on identifying, developing and commercializing treatments in high unmet need areas involving multi-drug resistant bacterial infections and rare diseases, today announced the appointment of Satyavrat “Sath” Shukla, CFA, as Chief Financial Officer, effective as of January 4, 2021.
“Sath is an ideal fit for our management team given his experience leading financial strategy and executing within both clinical and commercial stage companies,” said Ankit Mahadevia, M.D., Chief Executive Officer of Spero Therapeutics. “He has extensive strategic and financial expertise, which will be instrumental in helping us to drive corporate growth through the potential commercialization of tebipenem HBr and the clinical advancement of SPR720 and SPR206. We are excited to welcome Sath to Spero and are eager to
DISH Network Prices Offering Of $2 Bln Of 0% Convertible Notes Due 2025
MERIDIAN (dpa-AFX) - DISH Network Corp. (DISH) announced Thursday that it priced on Wednesday an offering of $2 billion aggregate principal amount of 0% Convertible Notes due 2025. In connection with the offering, DISH Network also granted the initial purchaser a 30-day option to purchase up to an additional $300 million in aggregate principal amount of the Notes.
The Notes will mature on December 15, 2025. The Notes will not bear regular interest, and the principal amount of the Notes will not accrete.
The Notes will be convertible under certain circumstances and during certain periods into DISH Network s Class A Common Stock at an initial conversion rate of 24.4123 shares of DISH Network s Class A Common Stock per $1,000 principal amount of Notes, equivalent to an initial conversion price of approximately $40.96 per share
Press release content from Business Wire. The AP news staff was not involved in its creation.
Eastern Bank Welcomes Alarm Detection Systems, Inc. As A Commercial Customer
December 16, 2020 GMT
BOSTON (BUSINESS WIRE) Dec 16, 2020
Eastern Bank is pleased to announce Alarm Detection Systems, Inc. as a new commercial banking customer. Family owned and operated since it was founded in 1968, Illinois-based Alarm Detection Systems (ADS) is one of the largest security companies in the United States according to rankings by SDM Magazine and offers both business and home security systems. Eastern is providing a full banking solution to ADS, which includes a revolving line of credit for working capital and expansion plans as well as comprehensive cash management services and solutions.
Certara Announces Closing of Its Upsized Initial Public Offering and Full Exercise of the Underwriters Option to Purchase Additional Shares businesswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesswire.com Daily Mail and Mail on Sunday newspapers.
EQT VII portfolio company Certara closes Initial Public Offering
STOCKHOLM, Dec. 17, 2020 /PRNewswire/ EQT is pleased to announce that on 10 December 2020, the EQT VII portfolio company Certara, Inc. ( Certara ), a global leader in biosimulation based on 2019 revenue, successfully priced its upsized initial public offering of 29,055,000 shares of its common stock at USD 23 per share. Shares of Certara s common stock began trading on the Nasdaq Global Select Market on 11 December 2020, under the ticker symbol CERT. The offering closed on 15 December 2020, after fulfilling customary closing conditions.
The listing of Certara marks the first IPO for EQT in the US. The EQT VII fund sold around 14.2 million shares, equivalent to about 16 percent of the fund s holdings in Certara, at USD 23 each for net proceeds of about USD 306 million (after underwriters discount). EQT VII will remain a significant shareholder with around 49 percent of ownership in Certara.